50 Ind. Admin. Code 26-7-1

Current through December 12, 2024

Section 50 IAC 26-7-1 - Deductions

Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5

Affected: IC 6-1.1-31.5

Sec. 1.

Tax and billing software must be able to do the following:

(1) Separately identify the type and amount of all deductions contained in the Indiana Code.

(2) Calculate each deduction according to specifications provided in the Indiana Code and by the department, inclusive of the ability to apply a portion of or all the deduction amount to a designated assessed value category as referenced in section 7 of this rule.

50 IAC 26-7-1

Department of Local Government Finance; 50 IAC 26-7-1; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA

Filed 5/9/2018, 10:00 a.m.: 20180606-IR-050180006FRA

Readopted filed 10/4/2024, 4:04 p.m.: 20241030-IR-050230833RFA